(a) The sentencing court may reduce the sentence of any convicted felon who:
(i) Is recommended by the sentencing court for placement in the youthful offender transition program;
(ii) Is certified by the department as having successfully completed the youthful offender transition program under W.S. 7-13-1003; and (iii) Makes application to the court for a reduction in sentence within one (1) year after the individual began serving a sentence of incarceration at a state penal institution.